KazMunaiGaz

Reference Material on KazMunaiGaz

Kazakhstan's state energy company, KazMunaiGaz, asserted its pre-emptive right to buy oil assets in the biggest energy deal in Kazakhstan last year, the sale of Canadian-owned PetroKazakhstan to the China National Petroleum Corporation. CNPC was forced to sell a refinery to KazMunaiGaz before parliament approved the sale. Under the increasingly nepotistic slant to Kazakh politics, the company's close ties to the ruling family also suggest its good standing. Until last fall, the vice president of KazMunaiGaz was Timur Kulibayev, the son-in-law of President Nursultan A. Nazarbayev. KazMunaiGaz produced 178 million barrels a day in 2005. The company controls oil and gas pipelines. ANDREW E. KRAMER (NYT)

Timur Kulibayev -- considered the second-most-powerful person in Kazakhstan after his father-in-law, President Nursultan Nazarbayev -- has resigned as first vice president of the state oil company, the post he used to set energy policy in the...

The Russian oil producer Lukoil set up a joint venture with the country's natural gas monopoly, Gazprom, to develop a large oil and gas field in the Caspian Sea. Each company will own half of the new concern, which will work together with...

The Russian oil producer Lukoil said it would begin exploratory work with Kazakhstan's national oil and gas company, Kazmunaigaz, at a site in Kazakhstan's portion of the Caspian Sea. Lukoil's chief executive, Vagit Y. Alekperov, said that the site...

At the presidential palace here, a confident President Nursultan Nazarbayev strode out in December to greet foreign investors. It was all smiles for the cameras as Mr. Nazarbayev sat down with the investors, most of them oil executives, to talk about...